I see a lot of "Pixar should have left Toy Story at 3" and "Pixar are too attached to TS" comments on this news all across the net. If memory serves, Pixar didn't even want to make 3. They were done at Toy Story 2, but Disney owned the rights to the series and were going to produce a third film with or without them. With TS3 being one of the highest grossing animated film ever there was no way Disney were going to let it lie.

Nearly two decades after Pixar Animation Studios created the world’s first computer-animated feature film with Toy Story, today it has revealed plans for Disney•Pixar’s Toy Story 4, an adventure that returns audiences to the world of the studio’s signature characters.

John Lasseter, director of the original Toy Story and Toy Story 2, will direct the film, which opens a new chapter in the lives of Woody, Buzz Lightyear and the Toy Story gang. The story was dreamt up by Lasseter, Andrew Stanton, Pete Docter and Lee Unkrich, the storytellers who have been the driving force behind all three Toy Story films.

“We love these characters so much; they are like family to us,” said Lasseter. “We don’t want to do anything with them unless it lives up to or surpasses what’s gone before. Toy Story 3 ended Woody and Buzz’s story with Andy so perfectly that for a long time, we never even talked about doing another Toy Story movie. But when Andrew, Pete, Lee and I came up with this new idea, I just could not stop thinking about it. It was so exciting to me, I knew we had to make this movie—and I wanted to direct it myself.”

Writing team Rashida Jones and Will McCormack (Celeste and Jesse Forever) joined the project, and Pixar veteran Galyn Susman (ABC’s Toy Story OF TERROR! and Toy Story that Time Forgot) is producing.

Yeah, I think they shouldn't make a 4 and instead just continue the shorts and such. But, I will still see it. @stitchNote to self: Next time Muppets make a joke about a movie sequel, that movie sequel could be coming.